Azizi Riviera

It is a lagoon-front community rather than a single tower: 75 buildings and about 16,000 residences arranged around a 2.7 km swimmable crystal lagoon, with a retail boulevard, a lagoon walk of eateries and boutiques, and the Les Jardins green space, all inside Mohammed Bin Rashid City about fifteen minutes from Downtown Dubai.

Azizi Developments, a private Dubai developer founded by Mirwais Azizi, with Farhad Azizi as Group CEO. It is the sole developer of every residential building in the community, and its hospitality arm, Azizi Hospitality, is building the five-star hotel inside it.

Studios and one to three bedroom apartments across the numbered buildings, Beachfront, Azure and Reve, plus four and five bedroom penthouses in Azure and duplex penthouses in Riviera Reve. Studios and one-bedrooms make up most of the stock, while two and three bedroom units are concentrated in Phase 4 and Reve.

Yes. Meydan is a recognised freehold zone open to foreign nationals, and Azizi Riviera units are registered with the Dubai Land Department as freehold apartments under the Meydan One Community in Al Merkadh.

DLD-registered sales averaged AED 2,110 per square foot, approximately USD 575, in the twelve months to October 2026, with an average sale price of AED 1,218,408, approximately USD 331,765. Studios in the earlier phases trade from the mid AED 500,000s, while Riviera Reve and Beachfront lagoon-front units trade well above the community average.

DLD rental contracts in Riviera 18 average AED 49,980 per year for a studio, approximately USD 13,609, AED 73,261 for a one-bedroom, approximately USD 19,949, and AED 98,818 for a two-bedroom, approximately USD 26,908, as of October 2026. Gross yields on studios are quoted at 6 to 8 percent before service charges and vacancy, and DLD rents have softened over the past twelve months.

The published schedule for Azizi Riviera 23 is AED 24.93 per square foot per year for residential units, approximately USD 6.79, and AED 23.55 for retail, approximately USD 6.41, which puts a 320 square foot studio at around AED 7,978, approximately USD 2,172, per year. Charges vary by building and are set annually, so the approved figure should be checked for the specific building before purchase.

Phases 1 to 3 are fully handed over. Phase 4 is in rolling handover, with Riviera 69 and Beachfront I delivered in April 2026, Riviera Reve scheduled for completion in Q4 2026, Riviera 66 launched off-plan in February 2026, and the five-star hotel under construction for a mid-2028 opening.

The real estate investor route requires a property investment of AED 2 million, approximately USD 544,588. Most studios and one-bedrooms in Azizi Riviera fall below that on their own, while two-bedroom units in Phase 4 and Beachfront and all Riviera Reve one-bedrooms and larger have traded above it in 2026. Rules on combining units or mortgaged purchases should be confirmed with the authorities at the time of purchase.

Bank transfer, manager's cheque, cash with proof of funds, and cryptocurrency are all accepted payment roads. For off-plan units every instalment goes into the project's Dubai Land Department escrow account under Law No. 8 of 2007, never to an individual, and resale purchases complete through a DLD registration trustee. Payment plans on record range from 10 percent on booking with 70 percent on handover in the earlier phases to 40 percent during construction and 60 percent on handover in Riviera Reve.